You have decided to start your own business and you are ready to go.
This first thing you may decide to do is join a networking group. Get a logo made. Google how to get your first customers. All the fun things.
But whilst marketing is understandably sexy and fun, there are ...

The first time most business owners hear the term Directors Loan Account, is when they sit down with their accountant to discuss their Limited Company year-end accounts.
I know from taking client meetings myself, that us accountants don’t always explain what this account ...

You’ve decided to set up and trade through a Limited Company. It’s started to make money and that money is sat in the bank account. You now want to get paid.
So, you can just take the money from the bank account, right?
Not exactly....

IR35 in the name of the legislation that HMRC has created to crack down on contractors who should really be employees.
If you have recently set up a Limited Company and your business has only one client, or maybe a portfolio with one larger client, you might have heard IR35...

If you rent an office or workshop, then the figure you can put through your tax return is fairly straightforward.
However, for a lot of small businesses, renting isn’t an option for either financial or practical reasons, so you may find yourself working from home.
As your...

There are times in our life when we want the best.
We might want the best photographer for our wedding, buy the best car we can afford, live in the best house in our area, eat the best food and so on.
But sometimes we don’t want the best.
Sometimes we just want something t...

Keeping paperwork isn’t everyone’s strong point. And that’s okay.
HMRC have realised this, and in an unusual attempt to help you claim some of the more complex expenses, they have created simplified expenses....

One of the first decisions that you need to make when you decide to start your own business, is whether to be self employed or trade through a Limited Company.
Your initial response may be to ask around; see what friends or family do. Maybe even ask on a social media forum.
...

Just because you have made some money, doesn’t mean you have a business.
And just because you’re making a loss or breaking even, doesn’t mean that what you are doing is a hobby.
There is a grey and wobbly line that separates the two, but it’s important to know the d...

It’s January and your accountant sits you down and tells you your tax liability and it’s high. Way higher than you expected. Panic begins to set in. This can’t be right you say to yourself. They must have calculated it wrong.Welcome to the world of your first payment o...